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Announcement: FMA imposes sanction against the Wolschner Privatstiftung for a breach of the Stock Exchange Act 2018 (BörseG 2018)

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The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 40,000 against the Wolschner Privatstiftung for the delayed notification about the 40 % threshold for holdings being exceeded for the shares of an issuer, by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). The Wolschner Privatstiftung failed to communicate to the issuer within the stipulated timeframe that the holding had exceeded a threshold. The penal order is final.

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